Overview
Offered by the Department of Risk, Actuarial Science and Legal Studies, the Bachelor of Business Administration in Risk Management and Insurance (RMI) prepares students to identify and evaluate various sources of risk, then select and implement solutions to control these risks through insurance and other mechanisms of risk transfer and distribution.
Graduates of this program often enter the risk management or employee benefit departments of large businesses and other organizations. They may also take challenging positions within insurance or benefit consulting firms, brokerage firms, agency operations, or insurance companies.
Concentrations
Student who wish to pursue the RMI major must select one of the following concentrations to align with their career interests:
- Healthcare Risk Management
- Managing Corporate Risk
- Managing Human Capital Risk
Students pursuing the Managing Human Capital Risk concentration will examine issues in the operation and design of health and welfare employee benefit plans. They will analyze the types of individual retirement and pension plans, as well as other employee benefit topics that organizations manage.
Campus Location: Main
Program Code: BU-RMI-BBA
Student Professional Organization
Risk Management and Insurance majors are strongly encouraged to become active in the Sigma chapter of Gamma Iota Sigma (GIS), Temple's national award-winning professional student organization in Risk Management, Insurance, and Actuarial Science. The organization hosts numerous guest speakers from the industry, sponsors a variety of career development seminars, and maintains a widely-distributed résumé book. For more information, contact the GIS president at 215-204-9368 or visit the web site at www.sigmachapter.org.
HRM Focus
The Department of Management offers Human Resource Management (HRM) courses that complement the Department of Risk, Actuarial Science and Legal Studies' RMI courses for students interested in a career in employee benefits and/or human resource management.
Introduction to Human Resource Management (HRM 2501) and Compensation Management (HRM 3511), which can also satisfy Upper-Division Foundation Business Electives, allow students to broaden their career options by taking advantage of the cross-training offered by HRM and RMI. Alternatively, students can double major in HRM.
For more information on joint HRM/RMI courses, contact James Hilliard.
Contact Information
James I. Hilliard, Program Director
Department of Risk, Actuarial Science, and Legal Studies
Alter Hall, Room 632
james.hilliard@temple.edu
Learn more about the Bachelor of Business Administration in Risk Management and Insurance.
These requirements are for students who matriculated in academic year 2024-2025. Students who matriculated prior to fall 2024 should refer to the Archives to view the requirements for their Bulletin year.
Summary of Requirements
University Requirements
All students are required to complete the university's General Education (GenEd) curriculum.
Note that students not continuously enrolled who have not been approved for a Leave of Absence or study elsewhere must follow University requirements current at the time of re-enrollment.
College Requirements
Students must meet College Graduation requirements for the Bachelor of Business Administration, including the requirements of the major listed below. Students pursuing any of the Risk Management and Insurance major/concentrations must attain a 2.0 cumulative GPA and 2.0 in the major/concentration to graduate with the Risk Management major.
Major Requirements
Students must follow the Major Requirements and College Requirements current at the time of declaration. Students not continuously enrolled who have not been approved for a Leave of Absence or study elsewhere must follow University, College, and Major requirements current at the time of re-enrollment.
Requirements of Managing Human Capital Risk Concentration
| Code | Title | Credit Hours |
|---|---|---|
| RMI 3501 | Managing Human Capital Risk | 3 |
| RMI 3502 | Managing Property Liability Risk I | 3 |
| RMI 3503 | Retirement Plans | 3 |
| RMI 4596 | Advanced Topics in Managing Human Capital Risk (fall only) 1 | 3 |
| Select two of the following: | 6 | |
| Managing Property Liability Risk II | ||
| Risk Financing | ||
| Risk Analytics | ||
| Managing International Risk | ||
| Managing Risk Across the Enterprise | ||
| Total Credit Hours | 18 | |
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This major capstone is taken in the final fall semester, and all prerequisites must be met.
Suggested Academic Plan
Bachelor of Business Administration in Risk Management and Insurance with Managing Human Capital Risk Concentration
Suggested Plan for New Students Starting in the 2024-2025 Academic Year
Please note that this plan is suggested only, ensuring prerequisites are met.
| Year 1 | ||
|---|---|---|
| Fall | Credit Hours | |
| STAT 1001 | Quantitative Methods for Business I | 3 |
| ECON 1101 | Macroeconomic Principles | 3 |
| HRM 1101 | Leadership and Organizational Management | 3 |
| ENG 0802 | Analytical Reading and Writing [GW] or Analytical Reading and Writing: ESL [GW] or Honors Analytical Reading and Writing [GW] | 4 |
| GenEd Breadth Course | 3 | |
| Credit Hours | 16 | |
| Spring | ||
| STAT 1102 | Quantitative Methods for Business II | 4 |
| ECON 1102 | Microeconomic Principles | 3 |
| BA 1103 | Legal and Ethical Reasoning in Business | 3 |
| IH 0851 or IH 0951 | Intellectual Heritage I: The Good Life [GY] or Honors Intellectual Heritage I: The Good Life [GY] | 3 |
| GenEd Breadth Course | 3 | |
| Credit Hours | 16 | |
| Year 2 | ||
| Fall | ||
| ACCT 2103 | Financial and Managerial Accounting for Decision Making | 4 |
| STAT 2103 | Statistical Business Analytics (waives GenEd Quantitative Literacy requirement) | 4 |
| MIS 2101 | Digital Systems | 3 |
| RMI 2101 | Introduction to Risk Management | 3 |
| IH 0852 or IH 0952 | Intellectual Heritage II: The Common Good [GZ] or Honors Intellectual Heritage II: The Common Good [GZ] | 3 |
| Credit Hours | 17 | |
| Spring | ||
| MKTG 2101 | Marketing Management | 3 |
| BA 2101 | Professional Development Strategies | 1 |
| BA 2196 | Business Communications [WI] | 3 |
| BA 2501 | Turning Numbers into Knowledge: Visualizing Data | 3 |
| GenEd Breadth Course | 3 | |
| GenEd Breadth Course | 3 | |
| Credit Hours | 16 | |
| Year 3 | ||
| Fall | ||
| FIN 3101 | Financial Management | 3 |
| MSOM 3101 | Operations Management | 3 |
| RMI 3501 | Managing Human Capital Risk | 3 |
| RMI 3502 | Managing Property Liability Risk I | 3 |
| Business Elective 1 | 3 | |
| Credit Hours | 15 | |
| Spring | ||
| RMI 3503 | Retirement Plans | 3 |
| Business Elective 1 | 3 | |
| GenEd Breadth Course | 3 | |
| GenEd Breadth Course | 3 | |
| Free Elective | 3 | |
| Credit Hours | 15 | |
| Year 4 | ||
| Fall | ||
| RMI 4596 | Advanced Topics in Managing Human Capital Risk [WI] (fall only) | 3 |
| Select one of the following: | 3 | |
| Managing Property Liability Risk II | ||
| Risk Financing | ||
| Risk Analytics | ||
| Managing International Risk | ||
| Managing Risk Across the Enterprise [WI] | ||
| Business Elective 1 | 3 | |
| GenEd Breadth Course | 3 | |
| Free Elective | 3 | |
| Credit Hours | 15 | |
| Spring | ||
| BA 4102 | Strategic Management | 3 |
| Select one of the following: | 3 | |
| Managing Property Liability Risk II | ||
| Risk Financing | ||
| Risk Analytics | ||
| Managing International Risk | ||
| Managing Risk Across the Enterprise [WI] | ||
| Free Elective | 3 | |
| Free Elective | 3 | |
| Free Elective | 2 | |
| Credit Hours | 14 | |
| Total Credit Hours | 124 | |
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2000-3999 electives can be selected from: ACCT, AS, BA, ECON, FIN, HRM, IB, LGLS, MIS, MKTG, RE, RMI, STAT, SCM, SGM. Please see your advisor for elective suggestions that match your career objectives.
Accelerated Programs
Students may opt to pursue an accelerated +1 program, enabling them to complete both a bachelor's degree and master's degree in less time than the traditional route.
The following accelerated programs are available to students in the Risk Management and Insurance BBA:
Fox School of Business and Management
- Actuarial Science MS
- Business Analytics MS
- Information Technology Auditing and Cyber Security MS
- Innovation Management and Entrepreneurship MS